- Quiñenco’s CEO highlighted net income of Ch$664,231 million in reported in 2024, “which represents an increase of 260% compared to the five-year period from 2016 to 2020, before the extraordinary results registered due to the disruption of logistics chains during the pandemic.”
Santiago, April 29, 2025, Quiñenco held its Annual Shareholders’ Meeting this morning, during which CEO Francisco Pérez Mackenna delivered his annual report on the company’s results and analyzed the local and global context in which it operates.
For 2024, Quiñenco reported net income of Ch$664,231 million, “which represents an increase of 260% compared to the five-year period 2016-2020 before the extraordinary results from the disrupted logistics chains during the pandemic,” said Pérez Mackenna.
The CEO also emphasized that at Quiñenco “we add value for our shareholders and the companies in which we invest. This is evident when looking at our net asset value, which reached almost US$7.9 billion in 2024, the highest figure since we began reporting this metric almost 25 years ago.”
Pérez Mackenna explained how “the global vision with which we drive our businesses, the strength of our corporate governance and the human talent that has been built up in Quiñenco and the companies in which we participate, have been fundamental” in these results.
Quiñenco’s CEO went on to address the global economic situation, warning that “international tensions are having an effect on the world economy and will also have an effect on our country.” For this reason, he called to act with “prudence,” concentrating “on what we must do as a country to mitigate the harmful effects of this conflict on our economy.”
“In the business world, we know how to focus on and manage aspects over which we do have control. If the context is changing, then we must be able to take the necessary internal measures to best respond to these new circumstances,” added Pérez Mackenna.
At the meeting, shareholders approved a final dividend of Ch$400,000,098,730, equivalent to Ch$240,564 per share, to be paid starting May 16, 2025, to shareholders of record as of midnight on the fifth business day prior to that date. This amount is in addition to the interim dividend of Ch$200,000,016,110 approved in November 2024 and paid in December of that year. The total final dividend amounts to Ch$600,000,114,840.
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With more than 65 years in business, Quiñenco is one of the most diversified and global groups in Chile. The company, along with more than 75 thousand employees of its subsidiaries and associates, develops enterprises and seeks to contribute to the progress of all the countries where it is present.
Through Banco de Chile, CCU, Nexans, Enex, CSAV and SM SAAM, Quiñenco contributes to the sustainable progress of people, working with excellence, integrity and respect.
More information is available at www.quinenco.cl.